Gazprom Neft Urges OPEC to Raise Oil Output
Gazprom Neft CEO: oil prices at $55-65/bbl acceptable Gazprom Neft: OPEC+ deal should stay, output should rise Gazprom Neft aims to up exposure to Iraq CEO of Gazprom Neft says company plans to boost dividends (Adds detail, quotes) OPEC and non-OPEC producers should raise oil production starting from the second …
OPEC Daily Basket Price: Friday, 14 June 2019, Stood at $61.25 a Barrel
Vienna, Austria, 17 June 2019–The price of OPEC basket of fourteen crudes stood at $61.25 a barrel on Friday, compared with $61.51 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
OPEC Daily Basket Price: Thursday, 13 June 2019, Stood at $61.51 a Barrel
Vienna, Austria, 14 June 2019–The price of OPEC basket of fourteen crudes stood at $61.51 a barrel on Thursday, compared with $61.01 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project
Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Saudi Arabia’s Energy Minister and chairman at Aramco, Khalid al-Falih, told Russian news agency TASS in an interview published on Monday. Saudi …
OPEC Monthly Oil Market Report for June 2019
Crude Oil Price Movements The OPEC Reference Basket (ORB) eased in May, dropping m-o-m by 81¢, or 1.1%, to average $69.97/b. Crude oil futures prices ended May sharply lower, reaching their lowest levels since February, registering high volatility, particularly late in the month, fuelled by uncertainty about world economic and …
Oil Output at Kazakhstan’s Kashagan Hits Record of 400,000 bpd
Oil output at Kazakhstan’s Kashagan field reached an all-time high of 400,000 barrels per day (bpd) on Tuesday, three sources familiar with daily production data told Reuters. Oil production on Kashagan might rise further to 410,000 bpd in coming months, two industry sources familiar with the development plan said. Output …
Frontline Oil Tanker Struck by Torpedo off UAE Coast: Tradewinds
OSLO (Reuters) – An oil tanker owned by Norway’s Frontline has been struck by a torpedo off the coast of Fujairah in the United Arab Emirates, shipping newspaper Tradewinds reported on Thursday, citing unnamed industry sources. Frontline was not immediately available for comment. The United Kingdom Maritime Trade Operations, which …
Petrosibir: Production Report for May 2019
Petrosibir’s total oil production during May 2019 amounted to 33,348 barrels, equivalent to 1,076 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region. 2018 2019 Average …
OPEC Daily Basket Price: Wednesday, 12 June 2019, Stood at $61.01 a Barrel
Vienna, Austria, 13 June 2019–The price of OPEC basket of fourteen crudes stood at $61.01 a barrel on Wednesday, compared with $62.56 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
NOVATEK and Severgroup Sign Memorandum on Strategic Partnership and Cooperation
As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and OOO Severgroup (“Severgroup”) signed a Memorandum on Strategic Partnership and Cooperation (“Memorandum”). According to the Memorandum, the parties intend to cooperate on supplying materials and equipment for NOVATEK’s projects, including equipment for gas liquefaction trains. …